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Daily Bread for 7.25.24: National GDP Grows Solidly at 2.8% for April-June Quarter (and the Question that Growth Presents for Whitewater)

Good morning.

Thursday in Whitewater will be sunny with a high of 79. Sunrise is 5:40, and sunset is 8:22, for 14h 41m 27s of daytime. The moon is a waning gibbous with 77.8 percent of its visible disk illuminated.

On this day in 1965,  Bob Dylan goes electric at the Newport Folk Festival, signaling a major change in folk and rock music.


There’s good national economic news this morning, as the U.S. economy grew 2.8% in second quarter, a robust strengthening:

The U.S. economy grew at a surprisingly robust 2.8 percent annualized rate in the second quarter, capping two years of solid expansion, despite some signs of softening.

Gross domestic product for the quarter ending in June was double the 1.4 percent reading in the previous quarter, but reflects a general cool-down from last year’s brisk pace, according to Commerce Department data released Thursday morning.

“Economic growth is solid, not too hot and not too cold,” said Chris Rupkey, chief economist at Fwdbonds, a financial research firm. “The soft patch we had at the beginning of the year has gone away and with it, the risks of a recession are dying on the vine.”

These impressive national growth numbers present Whitewater with a challenge:

Why would this beautiful town give time to the same tired, old-guard self-promoters who failed Whitewater in the 2010s? See about that time Whitewater’s Still Waiting for That Boom.

The enervated but agitated defenders of this city’s policymaking ‘tradition’ are simply the peddlers of excuses and lies.

Our next generation can — and already is — doing better for Whitewater.


Breaching whale capsizes boat:

A breaching whale landed on and capsized a boat Tuesday in Portsmouth Harbor, New Hampshire. Everyone, including the whale, was unharmed. See Whale surfaces, capsizes fishing boat off New Hampshire coast.

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